Coinnup is bridging the gap between crypto and Fiat Currency

Coinnup is a blockchain based platform intending to bridge the gap between crypto asset and fiat through effective digital asset management. One of the objectives of coinnup is to make cryptocurrency more usable just like the way fiat is being used. It is no longer news anymore that cryptocurrency is facing a lot of competition with other electronic currencies and also fiat in term of usability in making payment. Many people still believe cryptocurrency lack the proper features of being termed as a currency. This make the spending of the coin limited since only few ecommerce accept it as a general means of payment. Coinnup is working toward breaking this gap by introducing B2B and B2C Merchant service.

Integration of point of sales (POS) service is another important feature of coinnup. Cryptocurrency is still a fresh development to the people globally. Absence of a fully established cryptocurency related platform is limiting entry of some familiar business into cryptocurrency. With the POS, customer will be able to pay for services which include utility, mobile recharge and ability to send and receive money both locally and internationally. Users will also be able to buy and sell cryptocurrency directly.

Buying cryptocurrency using fiat involves transaction fees which is considerably high. This is due to volatility and number of phases the transaction have to go through before confirmation. To by token in an exchange platform, bitcoin will first be purchase before it is being used to buy the token of interest. Each of this transaction will charge a percentage of money before being executed and at the end of the transaction, the customers will discover that between 20-25% of the total intended to be used for investment has been used in paying for transaction fee. In order to solve this problem coinnup platform will reduce transaction cost by reducing the number of phases customer’s capital will go through by allowing direct purchase of crypto asset using fiat.

Coinnup also intend to provide users with a debit card which will allow access to fund anywhere in the world. This debit card will be link with user’s accounts. Users account will comprises of both primary and secondary account. The fund which is available in the primary account will be used by the debit card while the fund available in the secondary account will be equal to the sum of the total of the crypto available in the user wallet. However user can transfer the money in secondary account to the primary to make purchase.

The backbone of every cryptocurrency trading platform is a solid security that protect the asset of the traders from attack. Coinnup will integrate high priority security tools. C-key + password will be used and for every transaction, the c-key will be used to validate it. Also the C-key will be link with individual identity. Coinnup trading platform will comprise of over 150 top crypto assets available today on the market. Traders will also be provided with portfolio management tools for effective asset management.

Coinnup already have a working product “Paymaz” which will be the official coin of coinnup. Token sales is currently live and interested investors can visit the website on https://ico.coinnup.com/ for more details about coinnup, you can download the Whitepaper at http://coinnup.com/assets/pdf/whitepaper_cu.pdf

The Article is written by

Thesmallgod

Bountyhive